Premier Family Office ($5-10B+) Exit Opps

Based on the most helpful WSO content, here are some insights regarding exit opportunities from a Private Equity manager selection role at a family office:

1. Exit Plan Considerations:

   • It's crucial to have an exit plan, especially if the family office role is unique. Spending 2 years to see if you can get on the partner track is a viable strategy. If not, applying to business school could be a good next step.
   • Be aware of the risks. If the fund goes under or the family decides to defund the family office, it could put you in a weak position to re-enter the PE game, especially with a no-name family office on your resume.

2. Potential Exit Opportunities:

   • Emerging or MM PE or VC Fund: Transitioning to an emerging or middle-market Private Equity (PE) or Venture Capital (VC) fund is a possibility. The brand and reach of the individual behind the family office could enhance your profile, making you an attractive candidate for these roles.
   • Portfolio Company Roles: Many professionals in PE transition to senior operating roles within portfolio companies. This could be a CEO, COO, or other senior management positions, especially if the portfolio company is entering private equity ownership for the first time.
   • Other Financial Institutions: Moving to other financial institutions such as hedge funds, venture capital firms, or even different PE firms is common. Your experience in a family office, especially one with a strong brand, can be a valuable asset.

3. Long-term Goals:

   • Consider your long-term goals. If you see yourself settling at the family office forever, it might be worth the move. However, if your goal is to return to major financial hubs like NYC, SF, or LA, weigh the decision carefully.

4. Networking and Reputation:

   • The reputation and network of the family office founder can play a significant role in your exit opportunities. Leveraging this network can open doors to various high-profile roles in the finance industry.

In summary, while family offices can be an attractive career path, having a clear exit strategy and understanding the potential risks and opportunities is essential. Transitioning to an emerging or MM PE or VC fund is feasible, especially with the backing of a well-known individual.

Sources: Family Office Private Equity, Are top MFins target programs for Private Equity firms?, What is the point of doing private equity if you will be pushed out after two years to get an MBA?, Family Office - Exit Opps, Independent/fundless sponsor and Family Office surge